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Technology Stocks : Comdisco, Inc. (NYSE: CDO) -- Ignore unavailable to you. Want to Upgrade?


To: Jeffrey S. Mitchell who wrote (8)1/9/1998 2:59:00 AM
From: Jeffrey S. Mitchell  Respond to of 689
 
Re: Comdisco, World Savings Sign Five-Year Services Deal for Branch Network

Business Editors, Technology Writers

ROSEMONT, Ill.--(BUSINESS WIRE)--Dec. 22, 1997--Comdisco, Inc. (NYSE:CDO), today announced a $20 million, five-year technology services partnership with World Savings and Loan Association, Oakland, Calif. Comdisco will implement and maintain the organization's branch automation infrastructure.

To enable the savings and loan to gain competitive advantage through superior customer service, Comdisco's Integrated Technology Services group is implementing the infrastructure for World Savings-developed, real-time customer-service and cross-selling applications at more than 250 branch locations. With projected use by more than 2,000 personnel, World Savings' flexible custom network is expected to decrease customer waiting time and increase sales of certain financial products.

"We needed a partner whose services approach is business-oriented, not just technology-focused," said Ted Tomblinson, chief information officer at World Savings. "Comdisco is helping us deliver a flexible infrastructure around what the end user and the customer needs today and tomorrow -- something you can't say for many systems these days."

Comdisco's dedicated World Savings team expects to complete implementation -- without customer service interruption -- before the end of 1998. Comdisco is contracted to maintain the system through the year 2003.

The company also just completed the design, procurement and implementation phases for World Savings' new frame relay network and is now handling management of that network, which connects all branch locations.

Comdisco's integrated network service offerings include:
ÿÿÿÿ-- Managed Network Service
ÿÿÿÿ-- Distributed System Service
ÿÿÿÿ-- Help Desk Service

These services provide customers with a full range of system, network, and user support solutions that help them meet business objectives and lower the total cost of network computing in distributed environments. Comdisco's comprehensive approach includes assessment, design, implementation and management.

Comdisco Inc. (NYSE:CDO), a technology services company, is one of the world's leading providers of solutions that help organizations reduce technology cost and risk. The company's integrated services include asset management, business continuity, network services and equipment leasing and remarketing. Comdisco's fiscal 1997 revenue totaled $2.8 billion (U.S.). For more information, visit Comdisco's web site at www.comdisco.com.

CONTACT: Comdisco, Inc.
Mary Moster, 847/518-5147, mcmoster@comdisco.com
Holly Crilly, 847/518-5616, hxcrilly@comdisco.com



To: Jeffrey S. Mitchell who wrote (8)1/9/1998 3:02:00 AM
From: Jeffrey S. Mitchell  Respond to of 689
 
Re: Comdisco Acquires ISI Assets

Business Editors, Technology Writers

ROSEMONT, Ill.--(BUSINESS WIRE)--Jan. 5, 1998--

Agreement Includes Used Equipment Inventory And 33,000 Square Foot Refurbishment Facility

Comdisco, Inc. (NYSE:CDO), a leading technology services company, today announced that its Electronics Group acquired the majority of the surplus equipment inventory of Integrated Solutions International, the surplus equipment management division of Integrated Solutions, Inc. (ISI). Terms of the acquisition were not disclosed.

The acquisition is in alignment with ISI's strategy as a custom lithography solutions supplier and comes at an opportune time for both companies. The agreement solidifies Comdisco's position as one of the leading suppliers of refurbished electronics manufacturing equipment in the world and allows ISI to focus on providing custom lithography solutions.

"ISI's International Division has been a strong presence in the used equipment business," said Steve Grundon, Comdisco Electronics Group's executive vice president, electronics market development. "Manufacturers looking for the largest selection of reconditioned equipment available should be pleased with our announcement. Comdisco's expertise in leasing, reconditioning and remarketing, coupled with ISI's International Division inventory and customer list, will enhance Comdisco's ability to provide customer savings and global equipment management services. Saving money is a benefit everyone can relate to."

Additionally, Comdisco will assume responsibility for 33,000 square feet of ISI's refurbishing operation in Austin, Texas. This increases Comdisco's overall facility commitment to electronics manufacturing equipment refurbishment and sales to more than 100,000 square feet in the United States. Michael Mardesich, Comdisco Electronics Group's senior vice president, will be responsible for the integration of ISI assets and resources.

"Overseeing transitions from one company to another tends to be a complex process," said Mardesich. "However, because of our experience and expertise, we believe the transition from ISI's International Division to Comdisco will be relatively trouble free."

As senior vice president, Mardesich oversees several key groups within Comdisco Electronics Group including the Risk Assessment Team, the Equipment Trading Group, the Portfolio Group and the Residual Analysis Group.

About Comdisco

Comdisco, Inc. (NYSE:CDO), a technology services company, is one of the world's leading providers of solutions that help organizations reduce technology cost and risk. These services include asset management; business continuity; network services; and equipment leasing and remarketing. Comdisco's revenue totaled $2.8 billion for the fiscal year ended September 30, 1997. For more information, visit Comdisco's web site at comdisco.com.

About Comdisco Electronics Group

Comdisco Electronics Group, a division of Comdisco, Inc., assists companies with reducing the cost and risk of acquiring and managing their electronic manufacturing, test and assembly equipment. Headquartered in San Diego, its worldwide equipment management services include equipment leasing, reconditioning and remarketing; technology assessment and equipment purchases. These equipment management services are provided in cooperation with OEM alliances and third-party partners. The company operates one of the industry's largest electronics equipment reconditioning facilities, located in San Jose, Calif.

About Inteated Solutions

Founded in 1993, and headquartered in Austin, Texas, Integrated Solutions is an innovative engineering and flexible manufacturing company specializing in custom lithography applications. The company maintains a global installed base and has been responsible for numerous leading edge lithography products, including 193 mm steppers and magnetic levitation stages.

CONTACT: Comdisco, Inc.
Mary Moster, 847/518-5147
mcmoster@comdisco.com
or
Comdisco Electronics Group
Steven Grundon, 619/550-7402
srgrundon@comdisco.com



To: Jeffrey S. Mitchell who wrote (8)4/17/2001 12:03:23 AM
From: SOROS  Read Replies (1) | Respond to of 689
 
Jeffrey,

You may want to take another look at CDO now. Fear dominating now. Debt worries for sure, but WAY overdone now. This has fear opportunity written all over it -- aka UIS in 1991:

finance.yahoo.com